After starring in such dark and morbid televisions series such as “Six Feet Under” and “Dexter,” one might assume that actor Michael C. Hall has a penchant for the dark and dreary. However, judging from his recently listed Los Angeles home, it is obvious that quite the opposite is true.
The cheery home just listed by the actor for $4.5 million is located on the highly coveted street of Nottingham Avenue. The property consists of the main house, which is a beautiful Spanish Colonial estate built in 1923, as well as guest quarters, a three-car garage and a gigantic swimming pool. The gated compound is nothing short of charming, with its delicately manicured lawn and desert plant architecture designed to invite visitors in to lovely sanctuary.
The main house is a six-bedroom, six-bathroom home that has maintained the antique charm of its 1923 construction date on the outside, while keeping a cool, contemporary feel on the inside. Wood beams line the ceiling and neutral tones flow throughout the home, creating an inviting and relaxing feel within the home.
Hall has been on somewhat of a real estate kick lately. In January, he parted ways with a mansion in the Hollywood Hills for $2 million. He had purchased this current home back in 2013 for $3.825 million.
Los Angeles Home Values on the Upswing
As a Los Angeles luxury home seller, Hall stands to make a substantial profit on the sale of his current home if market conditions continue to maintain the steady increase in home values that the city has seen over the last few months. According to Altos Research, a California-based real estate analytics company, the median single-family home value has been on a sharp rise since March 1, and are not letting up. Currently the median home value in Los Angeles is $651,521, a yearly high for the city.
Demand continues to be very high for homes in the Los Angeles area. According to Altos, the average home is listed for about 77 days before being sold. This means that the inventory of available homes in the area can sustain less than three months of buyer’s demand, which is an incredibly low value for this figure. Economists and seasoned market watchers typically like to see about a five to six month supply of homes available in order to keep the market in healthy levels.
In order to satiated the needs of the luxury buyer, market watchers are looking for an influx of inventory in Los Angeles. Inventory currently sits with 1,790 homes listed on the market. With California home sales continuing to be rather slow, especially in the area, hope for a wider range of available properties has market watchers enthusiastic for the future of the market.
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